Greenway November 7 | According to a report published by J.P. Morgan Chase, Auto Home's third-quarter revenue and profit were in line with market expectations. The post-performance management meeting mentioned some positive developments, including a 30% year-on-year increase in revenue from data products, a 70% year-on-year increase in revenue related to new energy vehicles, and a 70% year-on-year increase in retail store expansion plans. The goal is to open 20 stores by the end of the year. According to Motong, although the overall automobile market is weakening, it is believed that the increase in revenue from the company's new business will partially offset the impact of the decline in media service revenue. In terms of the increase in the number of units in total revenue, the stock's valuation is reasonable. If the new business continues to grow, enough to push total revenue back to a double-digit increase, the stock will turn more positive. The bank maintained the “neutral” rating of Autohome H shares, and the target price was lowered from HK$57 to HK$55.